PLEASE DO PART A AND B. SEE BOTTOM SLIDE

Betty Smith is the owner of Accurate Tax Service. For the year ending April 30,2019, the following information is available for this service business. At the beginning of this accounting period, the balance in the Betty Smith, Capital account was $30,900. Following is a summary of activities during this accounting period: Betty Smith, capital withdrawn: $16,300 Revenue from income tax preparation: $71,500 Revenue from monthly clients: $42,700 Salaries expense: $12,200 Advertising expense: $940 Rent expense: $4,800 Automobile expense: $1,400 Office supplies expense: $7,800. Note: You should assume that all profit (or loss) accrued during this accounting period is absorbed into the Betty Smith, Capital account at the end of the period. Following are the account balances at the end of this accounting period (except Betty Smith, Capital): Cash: $59,900 Accounts receivable: $4,100 Office furniture and fixtures: $11,200 Office machines and computers: $15,000 Automobile: $10,000 Accounts payable: $1,500 April 30, 2019. Part a Prepare an income statement for the year ending April 30, 2019. part b) prepare a balance sheet as of April 30, 2019